Finance News

Indian rupee may inch up; RBI remains in way of large appreciation The Indian rupee is expected to move up at open on Tuesday on back of an uptick on most Asian peers and equity inflows. Non-deliverable forwards indicate the rupee will open at around 81.90-81.92 to the U.S. dollar, compared with 81.9575 in the previous session. ...

Rupee up 4 paise at 81.87 against dollar on bullish trend in domestic mkt The rupee gained 4 paise to 81.87 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows. However, a strong US dollar and surge in crude oil prices capped sharp gains for ...

Despite market volatility, 36% increase crypto allocations: Binance survey Despite high volatility in the market, 47.1 per cent of institutional investors have maintained their crypto allocation over the past year and over a third (35.6%) increased their allocation in the same period, according to a survey conducted by Binance Research, the research arm of Binance, a global cryptocurrency exchange.  ...

Fantasy sports made Rs 2,800 crore in gross gaming revenue during IPL 2023 Fantasy sports made Rs 2800 crore during the IPL season in 2023 with 61 million users participating on Fantasy Gaming platforms, according to an analysis by Redseer Consultants. This is a 24 per cent jump in gross gaming revenue from Rs 2,250 crore in IPL 2022, and ...

Didn’t get your Form 16? Worry not, you can still file your tax returns The first step to filing tax returns for a salaried individual is to obtain your Form 16 from your employer. Form 16 is a TDS Certificate that outlines your taxable income and TDS. It is the employer’s responsibility to provide Form 16 to all employees. In ...

Rupee appreciates 33 paise to 81.77 against US dollar in early trade The rupee gained 33 paise to 81.77 against the US dollar in early trade on Monday supported by sustained foreign fund inflows and bullish momentum in domestic equities as benchmark indices touched all-time highs. At the interbank foreign exchange, the domestic unit opened at 82.01 against ...

Soon, you may be able to use the same QR codes for e-Rupee and UPI payments e-Re operates on a bank wallet mechanism (Representational image) In a few weeks, the QR codes for Central Bank Digital Currency- retail (e-Re retail) and UPI (Unified Payments Interface) could become interoperable, according to a report in The Hindu Businessline (HBL). This means that ...

Rupee hits near 2-month high on dollar inflows, RBI may have stepped in By Nimesh Vora MUMBAI (Reuters) – The Indian rupee climbed to a near two-month high versus the U.S. currency on Monday on the back of dollar offers by foreign banks, traders said. The rupee was at 81.8175 to the dollar by 11:16 IST, up ...

How to minimise capital gains tax on property, equity and MFs During Budget 2023, Finance Minister Nirmala Sitharaman set a ceiling of Rs 10 crore for the long-term capital gain tax deduction for reinvestment in residential properties under Sections 54 and 54F of the Income Tax Act.  Earlier, there was no maximum limit. The new limit became applicable from April ...

Centre to soon notify rules for setting up GST appellate tribunals The Centre will soon notify rules for setting up GST appellate tribunals and appoint members after approval from the GST Council, a senior CBIC official said on Monday. Central Board of Indirect Taxes and Customs (CBIC) member (GST) Shashank Priya said the department is working to expand ...